Euro Pacific Asset Management LLC Boosts Stake in Dakota Gold Corp. $DC

Euro Pacific Asset Management LLC increased its stake in Dakota Gold Corp. (NYSE:DC) by 15.6% during the 2nd quarter, Holdings Channel reports. The firm owned 2,318,912 shares of the company’s stock after purchasing an additional 313,162 shares during the quarter. Dakota Gold comprises approximately 1.4% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 24th biggest holding. Euro Pacific Asset Management LLC’s holdings in Dakota Gold were worth $8,585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vestcor Inc boosted its stake in shares of Dakota Gold by 36.5% in the 1st quarter. Vestcor Inc now owns 1,511,695 shares of the company’s stock valued at $4,006,000 after purchasing an additional 404,065 shares in the last quarter. Trek Financial LLC increased its stake in shares of Dakota Gold by 853.7% in the first quarter. Trek Financial LLC now owns 1,225,045 shares of the company’s stock worth $3,246,000 after buying an additional 1,096,590 shares during the period. Donald Smith & CO. Inc. increased its position in shares of Dakota Gold by 254.1% in the first quarter. Donald Smith & CO. Inc. now owns 1,080,000 shares of the company’s stock valued at $2,862,000 after acquiring an additional 775,000 shares during the period. Amundi purchased a new stake in shares of Dakota Gold during the first quarter worth about $2,696,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Dakota Gold by 87.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 334,087 shares of the company’s stock worth $885,000 after purchasing an additional 155,985 shares during the period. 37.41% of the stock is currently owned by hedge funds and other institutional investors.

Dakota Gold Price Performance

Shares of Dakota Gold stock opened at $4.49 on Monday. The company has a 50-day moving average of $4.27 and a 200 day moving average of $3.62. Dakota Gold Corp. has a 1 year low of $2.05 and a 1 year high of $5.15. The firm has a market cap of $504.42 million, a price-to-earnings ratio of -10.95 and a beta of 1.15.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets restated an “outperform” rating and set a $9.00 price target (up previously from $7.50) on shares of Dakota Gold in a report on Thursday, July 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $10.50.

About Dakota Gold

Dakota Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, South Lead/ Whistler Gulch, the Barrick Option, Richmond Hill and Homestake Paleoplacer Properties located in Homestake Mining District, South Dakota.